Palumbo Wealth Management

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Creating Community: An Interview with Chad Price | Philip Palumbo
Chad Price is an experienced entrepreneur with an impressive track record. He founded Kettlebell Kings back in 2012, shortly after leaving the corporate world. Roughly ten years later, he was able to orchestrate a 3 year multi-million dollar acquisition in 2021.
In 2019, Chad pivoted into another passion of his,

Tug of War
The stock market rally continued this week, but in between there was a lot of up and down action. The S&P 500 Index fell 1.6% on Wednesday, but still managed to gain 1.4% for the week as the market eventually managed to ignore the Fed’s rate cut delay. The yield on the 10-Year Treasury, which ended last

Tax Time!
The IRS has officially announced that it will commence accepting and processing tax-year 2023 returns starting on Monday, January 29, 2024.
To streamline your filing process and expedite potential tax refunds, the IRS offers the following recommendations:
1. Ensure you have received essential documents like Form W-2 and other income-related forms, such as Form 1099, from your employers

Emerging Technology
On Wednesday, we had our Future of AI and Healthcare Innovation event, with Marc Weiss, CIO of Open Field Capital, covering AI and more general technology and Marc Pentopoulos, CIO of Vista Point Capital, covering focusing on biotechnology and healthcare technology. If you were able to join us, we hope you enjoyed it as much as we enjoyed

Approaching Data Analysis with Veneta Dimitrova | Philip Palumbo
Veneta Dimitrova is the Senior U.S. Economist for Ned Davis Research. She is the primary person responsible for formulating the U.S. economic outlook and identifying macroeconomic trends, particularly as they relate to developments in U.S. fixed income and equity markets. Veneta’s focus in recent years has been on trends in the

Cryptonite?
As of Jan 11, we now have several spot Bitcoin ETFs, making ownership of Bitcoin crypto currency as simple as buying a stock. As that day approached, the thought was that when this easy avenue for investment opened up, Bitcoin would jump in price as both institutional and retail investors piled in. On that first day, bitcoin jumped, but

Forecasters Agree to Disagree
In this age of big data, it’s not uncommon to see an analysis like this made-up example: After a positive year for the S&P 500, if January the following year is also up, that year is also positive 74% of the time with an average return of 9.3%. Assuming that scenario is the current case, it

Has Santa Claus Left Town?
The Santa Claus rally lasted just about to the end of December, and then began to fall apart with the start of the new year. It often feels like market trends don’t have the longevity they used to have, but in reality, the effect we see is simply a ‘reversion to the mean’. While the

Wishing All a Healthy and Prosperous New Year!
As we enter 2024, many investment professionals have issued forecasts for what will happen in 2024. Frankly, we pay little attention to them. At PWM, we remain focused on maintaining and improving our core, diversified portfolio for our clients, adhering to our well-researched, long-term asset allocation, and supplementing the PWM core portfolio